S&P affirms MBIA Mexico

Standard & Poor's said it affirmed its AA financial strength rating on MBIA Mexico SA de CV and removed the company from CreditWatch negative.

The outlook on the global-scale rating is negative.

At the same time, the agency said it affirmed its mxAAA national-scale rating on MBIA Mexico.

The outlook on the national-scale rating is stable.

S&P added that the rating actions mirror the action taken yesterday on MBIA Mexico's parent, MBIA Insurance Corp.

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